French Cinema and Moving Image Code
In forceAny transaction enabling a person who is not subject to the obligation to seek ongoing exploitation laid down in article L. 132-27 of the French Intellectual Property Code and who is not a co-producer of the work or works concerned to:
1° Acquire, directly or indirectly, one or more cinematographic and audiovisual works from a producer who is subject to the obligation to seek ongoing exploitation laid down in article L. 132-27 of the French Intellectual Property Code, in particular by selling a business, transferring all assets and liabilities, making a partial contribution of assets or merging; 2° Acquire control, within the meaning of article L. 233-36 of the French Intellectual Property Code, of one or more cinematographic and audiovisual works from a producer who is subject to the obligation to seek ongoing exploitation laid down in article L. 132-27 of the French Intellectual Property Code. 132-27 of the French Intellectual Property Code, in particular through the sale of a business, universal transfer of assets, partial contribution of assets or merger;
2° To acquire control, within the meaning of article L. 233-3 of the French Commercial Code, of a producer subject to the obligation to seek ongoing exploitation provided for in article L. 132-27 of the French Intellectual Property Code;
3° To have, in particular as a partner or shareholder, decision-making power with regard to intangible property rights and property rights over the technical elements of works falling within the scope of the agreement provided for in article L. 132-27 of the Intellectual Property Code.
